Berkshire reinsurance Q3 underwriting result plummets on Nico settlement
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Berkshire reinsurance Q3 underwriting result plummets on Nico settlement

The conglomerate expects pre-tax losses from Hurricane Milton of between $1.3bn-$1.5bn in Q4.

  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
financial results pricing graphic generic.png

Berkshire Hathaway’s P&C reinsurance unit posted Q3 underwriting earnings that plummeted to $161mn from nearly $1.5bn in the prior-year period on a National Indemnity (Nico)-related settlement and amid Hurricane Helene losses.

This

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth

Topics

Gift this article